Howmet Aerospace (HWM) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last twelve months. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HWM shares.
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13 equities research analysts have issued 12 month price targets for Howmet Aerospace's shares. Their HWM share price forecasts range from $44.00 to $61.00. On average, they anticipate the company's stock price to reach $52.08 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
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Howmet Aerospace's stock was trading at $39.41 at the beginning of the year. Since then, HWM shares have increased by 16.9% and is now trading at $46.07.
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Howmet Aerospace saw a drop in short interest in September. As of September 15th, there was short interest totaling 3,570,000 shares, a drop of 8.0% from the August 31st total of 3,880,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the short-interest ratio is presently 1.4 days. Currently, 0.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Howmet Aerospace Inc. (NYSE:HWM) posted its earnings results on Tuesday, August, 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business earned $1.65 billion during the quarter, compared to analysts' expectations of $1.61 billion. Howmet Aerospace had a trailing twelve-month return on equity of 18.83% and a net margin of 8.58%.

Howmet Aerospace announced a quarterly dividend on Friday, July 14th. Stockholders of record on Friday, August 4th will be given a dividend of $0.04 per share on Friday, August 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Thursday, August 3rd.
Read our dividend analysis for HWM.

ETFs with the largest weight of Howmet Aerospace (NYSE:HWM) stock in their portfolio include iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Gabelli Commercial Aerospace & Defense ETF (GCAD), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Profound Medical (PRN) and Global X U.S. Infrastructure Development ETF (PAVE).

Howmet Aerospace (NYSE:HWM) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HWM will have a dividend payout ratio of 7.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HWM.

Howmet Aerospace updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $1.69-$1.71 for the period, compared to the consensus estimate of $1.71. The company issued revenue guidance of $6.40 billion-$6.47 billion, compared to the consensus revenue estimate of $6.38 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Howmet Aerospace investors own include Arconic (ARNC), AT&T (T), Alcoa (AA), General Electric (GE), Intel (INTC), Boeing (BA), Bank of America (BAC), Cisco Systems (CSCO), CVS Health (CVS) and Chevron (CVX).

Howmet Aerospace trades on the New York Stock Exchange (NYSE) under the ticker symbol "HWM."

Howmet Aerospace's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.20%), Boston Partners (4.23%), State Street Corp (3.96%), Geode Capital Management LLC (1.89%), Kensico Capital Management Corp (1.47%) and JPMorgan Chase & Co. (1.47%). Insiders that own company stock include Barbara Lou Shultz, Ken Giacobbe and Neil Edward Marchuk.
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Shares of HWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HWM stock can currently be purchased for approximately $46.07.

Howmet Aerospace (NYSE:HWM) has a market capitalization of $18.99 billion and generates $5.66 billion in revenue each year. The company earns $469 million in net income (profit) each year or $1.26 on an earnings per share basis.

The company employs 21,400 workers across the globe.

Howmet Aerospace's mailing address is 201 ISABELLA STREET SUITE 200, PITTSBURGH PA, 15212-5872. The official website for the company is www.howmet.com. The company can be reached via phone at (412) 553-4545, via email at paul.luther@howmet.com, or via fax at 412-553-4498.